Hi JD,
I didn’t answer earlier, as I don’t know for sure – but I would think that a townhouse should appear under “houses”.

My rationale for thinking that is simply because townhouses are mostly built “in a row, on the ground” (not up three levels as is a unit) and these houses each own the land they sit on. With a unit, that is not the…[Read more]

Hi Codie,

defiantly (???) be cashflow positive for the first while.

You appear to have the right idea – and yes, there should be a pretty decent Tax return coming your way once it is rented (at least until year 5).

Re “things to watch” – you quoted $341k for the build, and from the facts you mentioned (high end features, 5 bedroom house,…[Read more]

Hi Codie,

Am I correct in saying on paper we are making a loss of $23,640?

Using your numbers as provided, yes you are correct. One thing I would question is the figure of $27k for Depreciation. How certain are you of that number? One small part of it will be Capital Works (2.5% of build cost of the house) or other Capital costs. Given a…[Read more]

Hi Codie,

Am I correct in saying on paper we are making a loss of $23,640?

Using your numbers as provided, yes you are correct. One thing I would question is the figure of $27k for Depreciation. How certain are you of that number? One small part of it will be Capital Works (2.5% of build cost of the house) or other Capital costs. Given a…[Read more]

Hi Aki,
Based on the “How long is a piece of string” nature of your question, I would suggest you find a good Mortgage Broker to get your WHOLE financial situation looked at, and arrive at a conclusion after that.

Your question is way too broad to be able to provide any other answer. Your (and your husband’s) goals should come into this…[Read more]

Hi Maya,
I am sure this is different state to state. What state are you looking at to buy?

Benny

Hi @rsco,
Welcome to Pi.com – sounds to me like you have come to the right place, going by the excitement that it seems to have generated inside you. And yes, there are lots of alternatives, and lots to think about.

Seems you have lots of options too – all great, but then too many options can make choice difficult. This is an elephant that…[Read more]

Hi @Rsco,
Welcome to Pi.com – sounds to me like you have come to the right place, going by the excitement that it seems to have generated inside you. And yes, there are lots of alternatives, and lots to think about.

Seems you have lots of options too – all great, but then too many options can make choice difficult. This is an elephant that…[Read more]

Hi Chuck,

I think that this is a great strategy to put a pin in the real estate bubble. Would be very interesting to see what happens then!

To find out what happens, simply go “Back to the Future” circa 1984-86. Labor did the same thing back then, and turned the whole rental market on its head. It amazes me that they would want to “try…[Read more]

Hi Chuck,
To find out what happens, simply go “Back to the Future” circa 1984-86. Labor did it then, and turned the whole rental market on its head. It amazes me that they would want to “try again”…..

Benny

Hi Sean,
I would start with your Solicitor – they are the ones who check all this stuff when looking at buying. They should be able to advise I would think,

Benny

Hi Sean,
I would start with your Solicitor – they are the ones who check all this stuff when looking at buying. They should be able to advise I would think,

Benny

Hi Sean,
I would start with your Solicitor – they are the ones who check all this stuff when looking at buying. They should be able to advise I would think,

Benny

The Search for members does still exist. I have always found the Members Search this way :-

First click on your name – this takes you into the “members” area, but specifically into your Profile. The url will show this:-
https://www.propertyinvesting.com/members/jacm/

Now, in the address bar, simply delete the last five characters – jacm/ – and…[Read more]

The Search for members does still exist. I have always found the Members Search this way :-

First click on your name – this takes you into the “members” area, but specifically into your Profile. The url will show this:-
https://www.propertyinvesting.com/members/jacm/

Now, in the address bar, simply delete the last four characters (jacm) and…[Read more]

Hi Jacqui,

Well spotted. I had noted a change too, but was still able to click on the date/time to go to the post, so I hadn’t chased it up earlier. Use the date/time for now (see italics below) – it will take you to the relevant post.

e.g. Jacqui Middleton started the topic Thread titles no longer a link from forum profile pages in the…[Read more]

Thanks for that link @mirwin – much appreciated !!

Benny

Hi IJC,
Wouldn’t these amounts be broken down for each property in your Tax Returns each year? Are these available to you?

Benny

Hi Sam,

Check out this thread – maybe someone mentioned in it could be useful to you, even if some distance away…..

https://www.propertyinvesting.com/topic/5019502-need-a-new-accountant-in-sydney/

Benny

Hi Daz,

A bit of clarification needed – your title suggests you might be wanting a book about “Developing”…. But your words in the first post seem to say you are looking for a book of fundamentals re property investing. Please identify just which kind of book you require.

Depending on what it is you are seeking, I would hope someone…[Read more]